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L 2050

First, let's answer a few questions.

  • You should consider investing in the L 2050 Fund if you plan to withdraw from your account between 2048 – 2052.

  • The L 2050 Fund is for long-term investor.

  • Your investment in the L 2050 Fund will help you to achieve the best expected return for the amount of expected risk that is appropriate for your time horizon. The L 2050 Fund makes the investing process easy for you because you do not have to figure out how to diversify your account or how and when to rebalance - it’s done for you.

The L 2050 Fund’s investment objective is to achieve a high level of growth with a very low emphasis on preservation of assets. The Fund's allocation in the G, F, C, S, and I Funds is adjusted quarterly. The L 2050 Fund will roll into the L Income Fund automatically in July 2050 when its allocation becomes the same as the allocation of the L Income Fund.


Average annual returns
-- YTD 1 yr 3 yr 5 yr 10 yr
- - - - -
  • Details As of 12/31/2020

    $25.1 billion

    Total expense ratio
    $0.550/$1,000 account balance 0.055% (5.5 basis points)

    Inception date

    Allocation target

  • L 2050 Allocation

  • Fees As of 12/31/2020

    Net administrative expense ratio1
    $0.490/$1,000 account balance 0.049% (4.9 basis points)

    Investment expense ratio
    $0.060/$1,000 account balance 0.006% (0.6 basis points)

    Total expense ratio2
    $0.550/$1,000 account balance 0.055% (5.5 basis points)

    1. An expense ratio of 0.049% translates to 4.9 basis points or $0.490 per $1,000 acount balance.
    2. Fees paid to the investment manager.

    Additional information

    The L 2050 Fund is designed for you if your time horizon falls within the 2048 through 2052 range. The asset allocation of this fund is adjusted quarterly, moving to a more conservative mix, gradually approaching that of the L Income Fund. Between quarterly adjustments, the asset allocation of the L 2050 Fund is maintained through daily rebalancing to the fund’s target allocation.

    Remember, however, that expected risk and return are based on assumptions about future economic conditions and investment performance. There is no guaranteed rate of return for any period, either short-term or long-term. For the fund’s historical returns, visit Share price history. Past performance does not guarantee future results.